Get Approved at The Lowest Rate
Traditional mortgage requirements in San Augustine, TX can often be challenging, especially for self-employed individuals or those with non-traditional income sources. A Bank Statement Home Loan offers a flexible and convenient alternative, making homeownership more accessible for those who might not fit the standard loan criteria.
A Bank Statement Home Loan is designed for individuals who can demonstrate their ability to repay the loan through their bank statements rather than traditional income documentation such as W-2s or tax returns. This loan program in San Augustine, TX is ideal for self-employed borrowers, freelancers, contractors, and small business owners who have a steady income but may not have the conventional paperwork to prove it.
Use your bank statements (usually 12 to 24 months) to verify income in San Augustine, TX instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.
Secure financing for a wide range of loan amounts in San Augustine, TX, making it easier to purchase your dream home or refinance your existing mortgage.
Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in San Augustine, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Augustine, TX may not require PMI, potentially reducing your monthly payments.
Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.
To qualify for a Bank Statement Home Loan, you need to meet the following criteria:
Ideal for individuals with self-employment income or other non-traditional income sources.
Provide 12 to 24 months of personal or business bank statements in San Augustine, TX to verify income.
A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.
Ability to make a competitive down payment in San Augustine, TX, typically ranging from 10% to 20% of the purchase price.
Horizon Lending Services is dedicated to providing tailored mortgage solutions that meet your unique needs. Our experienced team understands the challenges of securing a loan with non-traditional income and is committed to helping you navigate the process with ease. We offer personalized service, competitive rates, and a seamless application process in San Augustine, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Augustine, TX? Contact Horizon Lending Services today to learn more about how this flexible loan option can help you purchase or refinance your home. Our knowledgeable professionals are here to guide you through every step of the process, ensuring a smooth and successful experience.
Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.
1. Flexible Approval Process: A 12-month bank statement loan in San Augustine, Texas offers a more flexible approval process compared to traditional loans. This can be beneficial for self-employed individuals or those with non-traditional income sources. 2. Quick Processing Time: These loans typically have faster processing times, allowing borrowers to access funds more quickly. This can be advantageous for those looking to secure financing promptly. 3. Minimal Documentation Required: With a bank statement loan, borrowers may need to provide fewer documents compared to conventional loans, simplifying the application process and reducing paperwork. Demographics: San Augustine, Texas, has a diverse population with a mix of age groups and ethnicities. The community is known for its friendly residents and strong sense of community spirit. Housing Market: The housing market in San Augustine, Texas, offers a range of options including historic homes, modern residences, and rural properties. The market is stable, with moderate prices and a variety of housing styles to suit different preferences. Main Attractions: San Augustine is home to attractions such as the historic Augus Theater, the San Augustine County Courthouse, and the El Camino Real de los Tejas National Historic Trail. The city also boasts beautiful parks and outdoor recreational areas, making it an ideal place for nature lovers.
Benefits of a 12 Month Bank Statement Loan in San Augustine, Texas
